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Jio turns world’s top telco in terms of data traffic India takes part in 'Institutionalization of SMART Government for Improving Service Delivery' in London Gadkari faints during campaign; Heat takes toll on his health 'Sunflowers were the first ones to know' - film by FTII student selected at Cannes SARFAESI Act - Award of interest on auction money at rate applicable to fixed deposits is not a correct view and rate of interest deserves to be enhanced: SC (See 'TIOLCorplaws')ST - Chit Funds - Tax was not paid under mistake of law but upon demand by tax authorities - Refund not having been filed within time was rightly rejected: HC SC asks EC to submit more info on reliability of EVMs GST - Without considering reply on merits, proper officer has held that reply is unsatisfactory and, therefore, he is left with no alternative but to create demand - Order set aside: HC GST - Cancellation of registration retrospectively - Show Cause Notice and the impugned order are bereft of any details, accordingly the same cannot be sustained: HC GST - Registration could not have been cancelled retrospectively for the period for which returns were filed and taxpayer was compliant: HC GST - Notfn 11/2017-CTR amended by 03/2022 - Work contracts executed before 18 July 2022 - Petitioners should file refund claims before respondent agitating grievance and same be examined and orders passed within 4 months: HC Italy imposes USD 10 mn fine on Amazon for unfair business practices GST - Entire tax liability has been realised by appropriating the amount from the petitioner's bank account, therefore, Revenue interest stands fully secured - Since tax proposal was confirmed without participation of petitioner, order set aside and matter remanded: HC Caste Census is my mission, says Rahul Right to Sleep - A Legal lullaby US warns Pak of punitive sanctions against trade deal with Iran I-T- Income surrendered before approaching Settlement Commission not covered u/s 115BBE, where this provision did not exist during relevant AYs: HC Chinese companies decry anti-subsidy probe by EU I-T- Entire interest expenditure is allowable as deduction if loan funds is not diverted for non-income earning activities/personal purposes : ITAT UK to send military aid package worth USD 619 mn to Ukraine US regulator bans non-compete agreements by employees Air India, Nippon Airways join hands for travel between India and Japan SC grills Baba Ramdev & Balkrishna in misleading ad case


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Mumbai, October 16, 2014 ST - MIDC is statutory body constituted by Maharashtra Govt and is discharging statutory functions - Providing infrastructural facilities like roads, water, street light and collecting fees for same is not taxable service: CESTAT

Mumbai, October 16, 2014 CENVAT - Segregating defective Inputs and valuing them at lower rate for purpose of stock valuation is not equivalent to writing off value of inputs in books of account - no cause for reversal of credit: CESTAT

Mumbai, October 16, 2014 ST - If laying of cables cannot be taxable service, adopting same logic, laying of pipeline also cannot be construed as taxable service -Demand of Rs 7.6 Cr set aside by CESTAT

Pune, October 16, 2014 Income tax - Whether if it is found that assessee has made purchases at abnormally high prices from party that is not traceable, Revenue will have all legitimacy to reject books and tax gross profit on estimate basis - YES: ITAT

Ahmedabad, October 15, 2014 CENVAT - It will be inappropriate to say that interest provisions of s.11BB of CEA, 1944 are not applicable to refunds u/r 5 of CCR, 2004: CESTAT

Ahmedabad, October 15, 2014 Income tax - Whether interest payment towards delay in paying sale consideration after slump sale is effected and plant is in operation, is to be treated as revenue in nature - YES: HC

New Delhi, October 15, 2014 Customs - Import of hospital equipment under duty exemption - Diagnostic centre also eligible: Supreme Court

Mumbai, October 15, 2014 ST - Debit note mentions different amounts in figures and words - Demand raised on difference - no steps taken to verify as to what amount has been paid by service recipient although both under same jurisdiction - Matter remanded for verification: CESTAT

Mumbai, October 14, 2014 ST - What is promoted by applicant is residential & commercial complexes & amusement park - Prima facie, products in question are not 'goods', therefore, levy of ST under BAS is not sustainable: CESTAT

New Delhi, October 14, 2014 FERA - Statement might be fictitious creation of Enforcement Directorate - Statements not to be believed unless there is independent corroboration: SC

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April 24, 2024

TP - Arm's length computation of corporate guarantees issued by assessee in favour of its AEs abroad taken at 1% which has been approved for earlier A.Ys, cannot be disturbed in absence of contrary: ITAT

April 24, 2024

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April 24, 2024

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April 24, 2024

Competition Act - Informant has neither referred to any particular agreement nor provided any document which suggest existence of anti-competitive agreement : CCI

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